Greenback is intact versus rivals ahead of fresh American data

Greenback is intact versus rivals ahead of fresh American data

On Thursday, the evergreen buck stood still versus the other key currencies because traders monitored a fresh batch of American economic news later in the day, right after Wednesday’s firm economic surge and employment data spurred demand for the US currency.

The US dollar gained broad support after Wednesday’s data revealed that American economic surge for the second quarter was updated higher expected.

According to a separate report, in July the American private sector generated more jobs than expected.

Traders were looking ahead to economic reports on American jobless claims as well as personal spending for further clues on the strength of the US economy.

The Japanese yen weakened, with USD/JPY soaring 0.24% at a two-week maximum of 110.51. Meanwhile, the currency pair USD/CHF was intact sticking to 0.9559.

EUR/USD gained 0.14% being worth 1.1901. GBP/USD tumbled 0.28% trading at 1.2888.


Will the CPI Crash the USD?
Will the CPI Crash the USD?

 The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!

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